I.t.assess gas amount paid to through on bank account Rs:800/- some amount refunded rs:180/- amount credited in Assess bank account.
Question:
Assess refund amount other income added or exempt in I.t. act. and accounting entries passed both transactions

Say I have sold a property on 1/jan/20 having capital gain of 50 lakhs and
another on 1/sep/20 having similar capital gain of 50 lakhs.

Can I avoid capital gain tax by investing in 50 lakhs in bonds on 1/5/20 and another 50 lakhs on 1/oct/20. If this is not allowed because I cannot invest more than 50 lakhs in a FY,

Can I invest 50 lakhs on 1/mar/20 and 50 lakhs on 1/oct/20 to avoid capital gain tax on both sales?

SIR
ONE OF OUR CLIENT RECEIVED AGENCY COMMISSION IN FOREIGN CURRENCY FROM FOREIGN SUPPLIER FOR AGENCY SERVICE RENDERED IN INDIA. PLEASE LET ME THE SAME WAS LIABLE FOR GST. WHETHER LIABILE FOR GST WHAT IS THE SAC CODE.
PLEASE CLARIFY

Hi Everyone,

We have bifurcated salary in below components:-

Basic Salary
HRA
Conveyance Allowance
Special allowance

But while calculating EPF contribution, we are adding Basic Salary, Conveyance allowance and special allowance and we are deducting 12% from this amount as employee contribution but if it crosses limit of 15000/- as per EPF then we are deducting 12% on maximum of Rs. 15000/-.

Please advise is it the right way of doing deduction for EPF.

Thanks

I.t . Assess purchases of site include stamp duty and registration fees paid.
Question:
Assess stamp duty and registration fees paid amounts 80c eligible in I t.act.

Hi,

We have taken loans from Pvt banks for purchase of machinery and vehicles. Whether we have to deduct TDS on Interest paid to Pvt Banks or Financial Institutions. TDS is applicable for only Banks or other pvt financial institutions. Please clarify the same.

Dear Sir,
after the death of proprietor what is the procedure of transfer of GSTIN in favour of Son.
whether he has to obtain new GSTIN ?
If yes then how is the itc balance would be transfer in new registration ?

HUSBAND WANTS TO TRANSFER SHARES OF LISTED COMPANY TO WIFE AS GIFT
WILL THERE BE ANY GIFT OR INCOME TAX PAYABLE BY HUSBAND OR WIFE ?
WHETHER ANY DOCUMENTATION NEEDS TO BE DONE ?

We had applied for LUT, but the client accidentally paid via money transfer (like western union) to our current bank account. Since amount recieved is in INR and country is Israel, also I cannot get an FIRC for same as purpose code with these services is "Family assistance" as it shows in transaction desceiption.

It is second time he made this mistake, since he was used to making payment same way to the director(me) before incorporation of a company. For the last payment I just transferred it to myself, since it was how I used to recieve payment in my savings account, and in description I marked it as mistaken payment. For this one I am not sure if I should repeat same or not. Kindly clarify, as I am not getting proper response from my CA, and he asked me to confirm with someone else.
Previous amount was 500 usd, this time its 2000 usd. Work is export of IT services. Client has not asked for invoice and is ok without it.

Dear Sir,
we have given work the contractor ( supply + Installation ).
he had raised the supply bill sepereratly & installation bill seperately.
on which amount i have deduct the tds.

Kindly help me to resolve the issue.